New York residential real estate sellers, agents, brokers, and attorneys may need to follow-up with their clients due to Hurricane Irene. She may have invalidated your NYS Property Condition Disclosure Statement, which could affect your property resales/sales.
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| Waterfront property or flooded driveway? |
The NYS Property Condition Disclosure Act requires the seller of residential real property to present a signed statement of known conditions and information concerning the property to the seller. Your building inspectors may have inspected a dry site, not after a hurricane.
Specifically, line items: 10, 11, 20, 28, 30 thru 47 with respect to flooding, damages, and other conditions. Failure to disclose updated conditions could affect your sales. Please consult counsel as needed.
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